Special Polymers – Automotive semiconductors
Crude Oil Prices Trend
Closing is expected in the fourth quarter of 2021 and follows Versalis’ acquisition of 40% of the company which took place in July 2020. The operation will allow for the development of more specialized products and also those derived from renewable or recycled raw materials.
San Donato Milanese, 22 September 2021 – Versalis has announced that it has exercised the call option to buy the remaining 60% of the shares of the Marche region based industrial group Finproject, an Italian leader in the compounding sector* and in the production of ultralight products, in order to raise its stake to 100%.
The transaction, which will be formally completed with closing expected in the fourth quarter of 2021, follows the initial acquisition of a 40% stake in the company in July 2020 from VEI Capital, and confirms Versalis’ strategy to become the Italian leader in the high performance formulated polymers sector.
Finproject is the leading operator in Italy in the production of cross-linkable and thermoplastic compounds for industrial uses and in the molding of products, in particular for the footwear sector, and of products in the ultralight expanded materials marketed under the XL EXTRALIGHT® brand which, in collaboration with some of the most important brands, are intended for the consumer end market.
French car parts company Faurecia lowered its main 2021 financial targets on Thursday, saying it was adapting them due to the new forecasts for the global automotive market published last week by information provider IHS Markit.
Faurecia noted IHS Markit now estimated worldwide car production at 72 million vehicles this year versus 76.8 million previously, adding this sharp reduction was primarily attributable to a higher than expected impact from semiconductor shortages.
“Faurecia’s financial guidance for 2021 was explicitly based on the assumption of 76.6 million vehicles produced in the full year”, the company said.
Based on this new assumption of a 72-million global car production, Faurecia now sees full year sales of 15.5 billion euros ($18.2 billion) versus a previous target 16.5 billion. Special Polymers – Automotive semiconductors
Read more at https://www.todayonline.com/world/car-parts-group-faurecia-revises-down-2021-targets-due-semiconductor-shortage
Prices for polyethylene terephthalate (PET) in Latin America remain stable this week amid high prices for preforms in other regions, ICIS reported .
Continuously rising transport costs and higher electricity costs in some countries could lead to price fluctuations in October as negotiations continue.
Demand is volatile as high prices and bad weather restrict business, especially in Mexico. Stocks remain low. Special Polymers – Automotive semiconductors
Asian preform prices remain stable, but buying activity remains low due to high prices in major ports, which are around USD1,600 per tonne.
Market availability of Chinese preforms is declining amid recent declines in plant utilization as the country reduces energy consumption in some regions. Market sources report that more Chinese goods are being sold in bulk rather than in containers, and mainly to South America and Europe.
Offers from South Korea are also present, but most of the volumes are directed to the United States.
Shipping costs remain high, widening the gap between FOB Asian PET prices and CFR prices at a major port in South America.
Celebrating the first anniversary of the launch of carbon-zero TENCEL™ branded fibers, the Lenzing Group today announced the expansion of carbon-zero TENCEL™ branded fibers to REFIBRA™ technology to address the growing industry demand around “circular fashion” and carbon neutrality.
The first carbon-zero TENCEL™ branded lyocell and modal fibers, which launched last year, have continued to gain momentum among industry partners including fashion brands and mills. Special Polymers – Automotive semiconductors
Available in September 2021, the expansion aims to provide more innovative solutions for fashion brands to meet carbon reduction targets and consumers to enjoy sustainable products, reinforcing Lenzing’s commitment to achieving net-zero CO2 emissions by 2050.
The expansion demonstrates Lenzing’s solid commitment to building a truly sustainable textile industry, not only through the reduction of carbon footprint, but also via increased circularity through the REFIBRATM technology. This pioneering technology involves upcycling cotton scraps from garment production and transforming them into cotton pulp. The cotton pulp is then added to sustainably sourced wood pulp to produce virgin TENCEL™ Lyocell fibers.
The International Federation of Apparel (IAF), the European Federation of Apparel Textiles (EURATEX) and the Brazilian Association of Apparel Textile Industries (ABIT) have announced their cooperation on the content of the annual international conference to be held in the fall of 2021. It provides supplementary insights into the huge transitions that the apparel and textile industry is experiencing.
The IAF and ABIT gave the conference the same theme: “Transition of the Global Fashion System”. The theme of the EURATEX conference is “a new paradigm for the European textile and garment industry” and therefore emphasizes the transition.
All three associations recognize the urgency and importance of the ongoing transitions of the apparel and textile industries.
Through their collaboration, they can offer free programs to viewers around the world, each focusing on different elements of this transition, the entity said in a joint media release. Special Polymers – Automotive semiconductors
Messe Frankfurt, a German trade fair and event organiser, has announced that the trade fair for home and contract textiles, Heimtextil, will open its doors in Frankfurt next year from January 11-14, 2022. With registrations from around 1,600 exhibitors from 50 countries, the fair anticipates a highly promising return to the international stage. Special Polymers – Automotive semiconductors
“With four months still to go, there has been a tremendous response to Heimtextil 2022, especially from the international side. The yearning for personal encounters and the chance to examine the latest products in reality is greater than ever before. We are looking forward very much to welcoming the sector back to our fair and exhibition centre and have complete confidence that Heimtextil 2022 will be a safe and successful event for all concerned,” Olaf Schmidt, vice president textiles and textile technologies at Messe Frankfurt, said in a press release.
In addition to the extensive spectrum of products to be seen, Heimtextil 2022 will offer inspiration and an attractive range of information services and events to help visitors discover the latest market developments in the sector. In particular, the presentation of the Heimtextil
The ALPLA Group is taking over Spain-based bottle manufacturer Plastisax S.L, which produces plastic bottles for the cosmetics, home and personal care sectors.
ALPLA taking over Spanish bottle manufacturer Plastisax
ALPLA übernimmt den spanischen Flaschenhersteller Plastisax mit Sitz bei Alicante. // ALPLA is taking over Spanish bottle manufacturer Plastisax based near Alicante.
The takeover will enable an increased use of recycled material in production operations and a strengthening of the circular economy in the region.
With the purchase of Plastisax S.L., ALPLA is consolidating its market position in eastern Spain and expanding its production capacities mainly for packaging solutions made from HDPE. Special Polymers – Automotive semiconductors
A smaller product area also includes bottles made of PET. Extrusion blow moulding and stretch blow moulding are used as production technologies. The company has 58 employees who will be taken over by ALPLA.
Marc de Voogd, General Manager, France and Iberia at ALPLA, said: “With the integration of Plastisax into our group, we are expanding our customer base and improving our geographical footprint to serve our regionally based customers even better.
German chemicals giant BASF said its burgeoning auto battery recycling activities will see further investments to bolster a scarce stream of supplies of metal ingredients for its battery chemicals business.
The Ludwigshafen, Germany-based company is developing a global production network for cathode materials, the most complex chemical component of an automotive battery, as electric vehicle production surges. Cobalt and nickel are key inputs. Special Polymers – Automotive semiconductors
BASF and China’s Contemporary Amperex Technology (CATL), one of the world’s largest car battery makers, last week struck a partnership https://www.basf.com/global/en/media/news-releases/2021/09/p-21-310.html on battery recycling, among other activities, part of CATL’s move to expand in Europe.
“There is a de facto scarcity of raw materials,” BASF chief technology officer Melanie Maas-Brunner told a media briefing. She added that BASF can only run the cathode business over the longer term “if the raw materials are skilfully kept in a circular movement”.
She said she expects volumes of raw material for cathodes from recycling to surpass those from mining in roughly five to 10 years.
The chemicals group, whose products also include catalytic converters, insulation foams, coatings, vitamins and plastics, will compete in battery recycling mainly with Belgium’s Umicore.
Meet the new name in sustainable packaging at Booth N-9306
VANCOUVER, British Columbia–(BUSINESS WIRE)–Evanesce®, a sustainable technology innovator, driven to accelerate the adoption of sustainable and economically viable packaging solutions, will unveil its groundbreaking sustainable packaging technology at PACK EXPO Las Vegas. Addressing the growing plastic pandemic, scientists and experts at Evanesce have engineered a patented technology that produces cost-competitive, 100% plant-based, and 100% compostable sustainable packaging. The leading packaging industry event will be held at the Las Vegas Convention Center from September 27 to 29, 2021.
During PACK EXPO, the company will showcase their two packaging technologies and its vast range of packaging products.
Its booth will feature the patented Evanesce® Molded Starch technology along with its high-quality line of PLA (Polylactic Acid) compostable products, including straws, hot and cold cups and lids, plates, bowls, cutlery, gloves, and resealable bags. Booth visitors will be able to meet the top executive team and experience their plant-based packaging solutions in person. Special Polymers – Automotive semiconductors
“Our innovative technologies are designed to replace single-use plastics and Styrofoam in packaging and will be a game-changer for the industry. We’re most excited about launching our revolutionary patented Molded Starch technology at one of the biggest packaging events in the world,” stated Douglas Horne, Chief Executive Officer and Founder of Evanesce. “This innovation in material science has the power to truly transform sustainable packaging.
Specialty polypropylene is optimized for large thin-wall, injection-molded refrigerated food containers.
Strong growth in the thin-wall injection molded (TWIM) packaging industry is being propelled by consumers’ enthusiasm for online grocery shopping and concerns about environmental impacts, together with manufacturers’ efforts to drive down costs. Lightweight, yet strong and stiff TWIM containers effectively protect foods, conserve space during storage and shipping, and reduce raw material usage.
To successfully optimize the performance of TWIM packaging, especially refrigerated containers, Flint Hills Resources, a US polypropylene (PP) manufacturer, developed its new AP5195-LV PP impact copolymer. This product surpasses incumbent PP materials by delivering superior impact strength, high melt flow and good stiffness simultaneously, without traditional trade-offs among these properties. Key to Flint Hills Resources’ achievement is DeltaMax performance modifier from Milliken & Company’s Chemical Business. Special Polymers – Automotive semiconductors
“The balanced performance of Milliken’s additive technology enhances the resin architecture of our new AP5195-LV PP impact copolymer,” said Pierre Donaldson, director of polypropylene R&D for Flint Hills Resources. “By excelling in impact, melt flow and stiffness, our novel PP material can make it easier for converters to produce strong yet lightweight packaging, boost productivity, and reduce energy and plastic use to support environmental efforts.
Special Polymers – Automotive semiconductors